Low inventories and high buyer demand have created scarcity in Southern California.
Besides the obvious - that sellers can expect more money for their homes - this imbalance has also made it easier to sell homes quickly and without much hassle.
Homes priced right will sell in almost any market condition. But today and until scarcity ceases owners are able to sell homes that may not be in great condition or the best location.
The window of opportunity will close when more homes are listed for sale. There are signs of that already happening. The bump in interest rates and pent up demand for some owners to sell and buy their next home will cause more to list and sell.
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